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Landscape of Climate Finance in Ethiopia
Ethiopia's climate finance averaged USD 2.3 billion annually in 2022/23, significantly below the USD 10.6 billion annual requirement of its NDC 3.0. The country is heavily dependent on international public finance, which accounted for over 93% of flows, while private investment remains minimal at less than 5%. Adaptation finance dominates the landscape, reflecting high vulnerability in the agriculture and water sectors, whereas mitigation finance is concentrated in energy and remains insufficient. Despite institutional reforms and the launch of the Ethiopian Securities Exchange, macroeconomic constraints and limited project preparation capacity hinder the mobilization of domestic and private capital.
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Document type: Report
Informe Radiografía de la Electromovilidad en Flotas Empresariales
The report provides a 2025 baseline of corporate vehicle fleets in Chile, finding that while current electric vehicle (EV) adoption is low at 7%, there is significant interest in transitioning due to operational savings and environmental benefits. Adoption is highest among larger companies and specific sectors like tourism and mining, though it is hindered by limited model availability, insufficient charging infrastructure, and financing gaps. The study introduces an Electromobility Predisposition Index (IPE) to segment companies by their readiness to adopt EVs, noting that companies in regions show higher predisposition than those in the Metropolitan Region.
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Document type: Report
Carbon Market Watch’s position on the use of international carbon credits to outsource the EU’s 2040 climate target
Carbon Market Watch opposes the use of international carbon credits to meet the EU's 2040 climate target, arguing that such a strategy would result in higher EU emissions, shift responsibility to the Global South, and undermine industrial competitiveness. The organization asserts that current carbon credit markets lack sufficient quality and transparency. While primarily advocating for a fully domestic approach, the document outlines strict quality criteria and a centralized purchasing mechanism that should be implemented if the EU proceeds with international credits as a last resort.
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Document type: Statement
Leaning on Uncertainty
The document argues that while the European Commission's impact assessments are detailed, the resulting policies are opaque and rely on optimistic, potentially unfeasible projections for carbon dioxide removals (CDR). It identifies critical risks, including the overestimation of Direct Air Carbon Capture and Storage (DACCS) capacity, the potential for Bioenergy with Carbon Capture and Storage (BECCS) to undermine land sinks, and a lack of transparent financing roadmaps. The report further criticises the introduction of international carbon credits in final proposals without prior impact assessments, which may reduce domestic ambition.
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Document type: Case study
Leaning on Uncertainty
Finland relies on Bioenergy with Carbon Capture and Storage (BECCS), biochar, and land sinks to reach its 2035 carbon neutrality target, but faces significant delivery risks. The government has disregarded scientific advice from the Finnish Climate Change Panel to moderate logging levels to restore the declining land sink, which currently shows rising net emissions. While the government is pursuing BECCS, it lacks domestic geological storage and must rely on international transport and storage, which are constrained by limited capacity in Northern Europe. Furthermore, current financial allocations for BECCS are significantly lower than the estimated needs to achieve projected removal volumes.
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Document type: Case study
Leaning on Uncertainty
The report finds that Italy's long-term climate strategy prioritises carbon removals and capture technologies over structural emission reductions, creating a risk of mitigation deterrence. While Italy aims for carbon neutrality by 2050, it lacks national legislation to enforce this goal and relies on EU-level targets. The study highlights significant transparency gaps, noting that industrial carbon dioxide removal (CDR) technologies like BECCS and DACCS are often conflated with carbon capture and storage (CCS). Furthermore, the report warns that planned increases in forest harvesting to 40-45% by 2030 could shrink or eliminate the land sink, despite government goals to restore it to a historic maximum of 45 Mt CO2eq by 2050.
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Document type: Case study
Leaning on Uncertainty
The document argues that Norway's climate strategy relies on uncertain land-sink removals and international offsets rather than feasible domestic emission reductions. It identifies systemic deficiencies in impact assessments, a lack of separate LULUCF targets beyond 2030, and a conflict of interest where geological storage sites are evaluated based on their potential to interfere with future petroleum activity. While some industrial removal projections are cautious, the report notes a lack of binding limits on international credits and significant gaps in biomass sustainability evaluations.
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Document type: Case study
ELECTRIFYING INDUSTRIAL HEAT IN INDIA
The report argues that industrial electrification in India is economically viable across all temperature ranges when powered by low-cost solar energy. It finds that switching to electric technologies like heat pumps and thermal batteries can reduce industrial energy use by 22% and cut CO2 emissions by over half. The analysis highlights that solar-powered electrification is already cheaper than petroleum and natural gas across all temperatures and competitive with coal in several bands. To scale this transition, the report recommends streamlining Green Energy Open Access rules, reducing electricity cross-subsidies, and implementing production-linked incentives for clean commodities.
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Document type: Report
THREE TRACKS FOR A JUST TRANSITION AWAY FROM FOSSIL FUELS
The document outlines three distinct 'tracks' for a just transition from fossil fuels. The UNFCCC and Paris Agreement provide a universal framework for emissions reduction but lack explicit obligations on fossil fuel production due to their consensus-based structure. The COP30 Presidency Roadmap, led by Brazil, serves as a non-binding, non-negotiated forum to facilitate political dialogue and identify barriers to transition. The proposed Fossil Fuel Treaty seeks to fill the governance gap by establishing binding, supply-side commitments through a coalition of high-ambition states, focusing on ending new project expansion, implementing a science-based phase-out, and providing just transition finance.
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Document type: Briefing
TRES VÍAS PARA UNA TRANSICIÓN JUSTA
The report analyzes the limitations of the UNFCCC's consensus-based model and the non-binding nature of Brazil's COP30 Roadmap, arguing for a binding Fossil Fuel Treaty to regulate supply and ensure a just transition.
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Document type: Executive summary
TRÊS VIAS PARA UMA TRANSIÇÃO JUSTA PARA LONGE DOS COMBUSTÍVEIS FÓSSEIS
The briefing compares three pathways for a just transition from fossil fuels. It notes that while the UNFCCC provides a universal framework for emissions, it lacks explicit obligations for fossil fuel production. Brazil's COP30 'Roadmap' serves as a non-binding political dialogue to identify transition barriers. The proposed Fossil Fuel Treaty aims to fill governance gaps through binding commitments to end new project expansion, implement science-based phase-outs, and provide financial support for affected communities.
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Document type: Briefing
SPILLOVER EFFECTS: THE FOSSIL FUEL– DEBT TRAP IN THE GLOBAL SOUTH
The report analyzes how high debt-service obligations and fossil fuel reliance create a structural trap for Global South nations, where fiscal pressures force governments to prioritize short-term liquidity and fossil fuel extraction over long-term renewable energy transitions. Through case studies of Colombia, Egypt, Guyana, Jordan, and Sri Lanka, it demonstrates that this nexus is systemic, often reinforced by the conditionalities of International Financial Institutions (IFIs) and the interests of multinational corporations. The document advocates for comprehensive debt cancellation, the end of fossil fuel finance, and a global transition framework based on 'extraction equity' to dismantle these structural barriers.
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Document type: Report
JOIN THE BLOC OF COUNTRIES PARTICIPATING IN DISCUSSIONS ON A FOSSIL FUEL TREATY
The Fossil Fuel Treaty Initiative is calling for countries to participate in discussions to design a binding legal instrument for a global just transition from coal, oil, and gas. The proposed treaty is based on three pillars: resourcing and cooperation for a just transition, ending new fossil fuel projects, and an equitable phase-out of existing projects aligned with the 1.5°C goal. Joining the bloc creates no immediate legal or financial obligations for participating nations, but allows them to shape the treaty's form, scope, and timeliness. The initiative aims to establish a transition finance support framework to facilitate debt resolution, renewable energy investment, and economic diversification. Participating countries are asked to affirm support, appoint political and technical focal points, work collectively on the treaty mandate, use diplomatic channels to recruit other states, and support the adoption of a negotiating mandate.
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Document type: Guide
Head of Louis Vuitton tannery leads fight to gut EUDR
Global Witness reports that Fabrizio Nuti, head of LVMH-owned Nuti Ivo and leader of the UNIC and COTANCE industry associations, is leading a campaign to exempt leather from the EU Deforestation Regulation (EUDR). The report alleges that Nuti's separate Paraguayan tannery, Lecom/Parpelli, sources hides from meat giants Minerva Foods and Frigorífico Concepción, which are linked to the deforestation of approximately 111,000 hectares in the Gran Chaco, including lands of the Indigenous Ayoreo Totobiegosode People. Despite LVMH's public zero-deforestation targets, the report finds that Nuti Ivo's Conceria Everest imported hides from Lecom/Parpelli as recently as December 2025, and that Nuti Ivo can only trace 45% of its hides to a specific slaughterhouse.
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Document type: Report
Scaling Solar Power for Irrigation in India
The report evaluates the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically Components A (decentralized solar plants) and C-FLS (feeder-level solarization). While these components offer significant benefits—including reliable daytime power for farmers, reduced agricultural subsidies for DISCOMs, and rural employment—they have seen low uptake, with only 7% and 34% achievement against targets respectively as of December 2025. Key barriers include a mismatch between regulatory tariffs and market costs, inadequate rural grid infrastructure, complex land acquisition and leasing laws, and poor institutional coordination between state agencies and distribution companies (DISCOMs). The report recommends shifting toward competitive bidding, implementing GIS-based land identification, adopting virtual feeder segregation via IoT, and enhancing the leadership role of DISCOMs in project implementation.
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Document type: Report
Renegotiation of Australia’s Bilateral Investment Treaties
The International Institute for Sustainable Development (IISD) argues that Australia's older BITs are based on an outdated model that prioritizes investor protection and investor-state dispute settlement (ISDS) over public policy. The submission recommends reimagining these treaties as tools for sustainable development, prioritizing climate mitigation and a just transition. Key proposals include removing ISDS, implementing carve-outs for fossil fuel investments and climate measures, and reforming how damages are calculated to prevent exorbitant awards. IISD suggests that national legal frameworks, rather than international treaties, should be the primary regulators of foreign investment.
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Document type: Report
Analyser les lois nationales sur l’investissement : fonction de règlement des litiges
The report examines how national investment laws handle the prevention, management, and settlement of disputes between investors and states. Based on an analysis of 167 laws, it finds that while dispute resolution is a common feature—particularly in Africa and Asia—the use of international arbitration and 'prior consent' clauses exposes states to significant financial and regulatory risks. The authors argue that states should prioritize national courts and administrative reviews over parallel arbitration systems and strongly recommend against including unilateral prior consent to international arbitration in national legislation.
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Document type: Report
Country profile – Indonesia
The document details Indonesia's strategic position in the global minerals market, particularly nickel, driven by aggressive downstream processing policies and export bans. It highlights the economic significance of mining (11% of GDP) and the associated environmental costs, including rising energy-sector emissions and deforestation. Socially, it notes significant gender disparities in the mining workforce and the prevalence of artisanal mining risks.
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Document type: Report
Leveraging Copper for Economic Transformation
Zambia, the world's 10th-largest copper producer, seeks to diversify its economy by moving beyond raw mineral exports. While the country has strong midstream capacity, refining and downstream manufacturing remain limited. The report identifies critical bottlenecks, most notably unreliable electricity and high logistics costs, and recommends a phased strategy: first scaling smelting and refining to capture immediate revenue, then building the infrastructure and skills necessary for high-value manufacturing. It emphasizes that Zambia's low-carbon energy mix is a strategic advantage for attracting global buyers seeking sustainable copper.
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Document type: Report
States in the Driver’s Seat
The report analyzes the role of Indian state governments in localizing the EV and battery supply chain, arguing that while central policies provide strategic direction, states control critical levers like land, power, and regulatory clearances. It finds that net localization for high-cost components like batteries and motors remains below 20%. The study categorizes 14 states into 'leading', 'aspirational', 'emerging', and 'differentiated' based on their policy strength and manufacturing competitiveness. Key recommendations include shifting toward indirect equity investment models to de-risk upstream battery production, establishing a design-linked incentive for R&D, and introducing phased zero-emission vehicle (ZEV) mandates to create demand certainty.
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Document type: Report